2022-05-09T14:56:27-07:00 2021-06-30 990 2020-07-01 610444825 TRANSYLVANIA UNIVERSITY TRAN 8592338100 300 North Broadway Lexington KY 40508 Cody Embry Controller 8592338100 2022-05-09 1 11 1 AAL2 X 2020 2022-09-23 18:48:47Z Nelson Murphy 300 North Broadway Lexington KY 40508 70586888 0 X www.transy.edu X 1780 KY Post-secondary education 32 32 850 100 0 0 3522953 8820169 43441593 43984961 7698684 6681339 1100192 11100419 55763422 70586888 19362282 20725521 0 0 21092734 21987262 0 0 1151234 15326509 17041379 55781525 59754162 -18103 10832726 235942352 268650228 70250718 66338999 165691634 202311229 Post-secondary education 0 0 52429880 0 43984961 Provide undergraduate degree education, curriculum, training, resources and related expenses. 0 0 0 52429880 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 111 0 1 850 1 0 0 0 0 0 0 0 0 X 32 32 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Nelson Murphy 8592338100 300 North Broadway Lexington KY 40508 William Brien Lewis President 40 1 X 236220 0 0 John N Williams Jr President 40 1 X 161483 0 0 Marc Mathews Vice President for Finance and Business 40 0 X 159016 0 0 Steve Angelucci Vice President for Advancement 40 0 X X 146976 0 0 Michael F Cairo Professor 40 0 X X 131835 0 0 Michael Covert Vice President for Student Life and Dean of Students 40 0 X 124661 0 0 Johnnie Johnson Vice President for Admissions 40 0 X 123368 0 0 Megan Moloney Vice President for Marketing and Communication 40 0 X 121070 0 0 G Rod Erfani Professor 40 0 X 116038 0 0 Holly Sheilley Vice President for Enrollment and Student Life 40 0 X 112555 0 0 Kara Covert Associate Vice President for Advancement 40 0 X 110826 0 0 Don Dugi Professor 40 0 X 110562 0 0 Sarah Bray Associate Dean for Academic Affairs 40 0 X 108864 0 0 Charles Jack Girard Professor 40 0 X 105136 0 0 Deepa Dubal Vice President for Information Technology 40 0 X 105099 0 0 Rhyan Conyers Vice President for Institutional Effectiveness 40 0 X 104763 0 0 S Rebecca Thomas Vice President for Academic Affairs and Dean of the University 40 0 X 94404 0 0 Sarah Coen Vice President for Strategic Initiatives and Enrollment Management 40 0 X 90708 0 0 Deidra Dennie Vice President for Diversity and Inclusion 40 0 X 59533 0 0 Shawn Lyons Vice President for Advancement 40 0 X 15230 0 0 Glen S Bagby Board Member 1 0 X 0 0 0 Mindy G Barfield Board Member 1 0 X 0 0 0 Antony R Beck Board Member 1 0 X 0 0 0 George Branch Board Member 1 1 X 0 0 0 Betsy Brooks Bulleit Board Member 1 0 X 0 0 0 Karen K Caldwell Board Member 1 0 X 0 0 0 Aristides S Candris Vice-Chair of the Board and Board Member 1 0 X X 0 0 0 Raymond K Cooper II Board Member 1 0 X 0 0 0 Shawna A Corman Board Member 1 0 X 0 0 0 Norwood Cowgill Jr Chairman of the Board and Board Member 1 1 X X 0 0 0 Luther Deaton Jr Treasurer of the Board and Board Member 1 0 X X 0 0 0 Rose Mary Stamler Dow Secretary of the Board and Board Member 1 0 X X 0 0 0 Michael C Finley Board Member 1 0 X 0 0 0 Ann Rosenstein Giles Board Member 1 0 X 0 0 0 Laura R Harper Board Member 1 0 X 0 0 0 Sherry D Holley Board Member 1 0 X 0 0 0 David C Johnson Board Member 1 0 X 0 0 0 John Knapp Board Member 1 0 X 0 0 0 Mark Lyons Board Member 1 0 X 0 0 0 Prakash T Maggan Board Member 1 0 X 0 0 0 Samuel J Mitchell Jr Board Member 1 0 X 0 0 0 William C Oehmig Board Member 1 0 X 0 0 0 Billie Jo Setzer Board Member 1 0 X 0 0 0 Joe M Thomson Board Member 1 0 X 0 0 0 Palmer G Vance II Board Member 1 0 X 0 0 0 George M VanMeter Jr Board Member 1 0 X 0 0 0 Ann Orme Windley Board Member 1 0 X 0 0 0 John N Williams Jr Board Member 1 1 X 0 0 0 Brian C Wood Board Member 1 0 X 0 0 0 Byron Young Board Member 1 0 X 0 0 0 Christopher H Young Board Member 1 1 X 0 0 0 William T Young Jr Board Member 1 1 X 0 0 0 2338347 0 0 17 1 1 0 Congleton Hacker Company 872 Floyd Drive Lexington KY 40505 General Contractor 3163553 Bon Apetit Management Company 201 Redwood Shores Parkway Suite 100 Redwood Shores CA 94065 Food Service Provider 2317945 KDA Office Furniture Solution 1161 Red Mile Road Lexington KY 40504 Furniture 608373 Ellucian Inc 2003 Edmund Halley Drive Reston VA 20191 ERP License 507602 Harleywood Productions 1180 Ravenwood Drive Corbin KY 40701 Construction Materials 202000 13 0 0 0 0 0 8820169 0 8820169 Tuition and fees 611310 38838707 38838707 0 0 Room, board and other auxiliaries 611310 5146254 5146254 0 0 0 0 0 0 43984961 1685261 0 0 1685261 0 0 0 0 0 0 0 0 0 0 4996078 0 0 0 4996078 0 4996078 4996078 0 0 0 11100419 11100419 0 0 11100419 70586888 60081458 0 1685261 20725521 20725521 1953954 782602 1000380 170972 0 15187506 12786372 1853704 547430 1145472 920516 172244 52712 2511413 2060674 377777 72962 1188917 948107 189166 51644 130549 42003 88546 43475 43475 868115 576420 273758 17937 295765 193481 80306 21978 1351437 843699 478296 29442 922390 773550 90332 58508 1420511 1277024 120922 22565 505490 504851 319 320 222486 128744 90773 2969 2017447 2017724 -277 5121654 4606127 492874 22653 520599 61333 459266 Auxiliary expenses-dining, camps 2317068 2317068 0 0 Special Programs 200999 123227 56599 21173 Allocation of facilities expenses 578085 199832 320284 57969 Athletics expenses 310031 310031 0 0 215278 230974 -15696 59754162 52429880 6173048 1151234 3707492 3386243 3949041 554806 4164334 7269770 738415 383978 1074051 884968 660910 1026931 184639779 69528414 113931969 115111365 106316482 138292307 1399658 1739860 235942352 268650228 4376576 4529660 1100815 1452489 58390397 56790837 3987100 1410777 1171886 985053 2394127 70250718 66338999 X 45818566 56874633 119873068 145436596 165691634 202311229 235942352 268650228 10832726 25786869 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2795695 0 0 X X 0 102241243 3474755 32359614 0 7838496 0 130237116 105116135 631011 3216506 0 6722409 0 102241243 100520154 869407 12998844 0 9272270 0 105116135 104506725 659259 3320636 0 7966466 0 100520154 98501936 1061628 12301685 0 7358524 0 104506725 0.07 0.53 0.4 0 0 15357068 0 15357068 140601436 0 53127100 87474336 0 0 0 0 10746420 0 6981041 3765379 17934855 0 9420273 8514582 115111365 0 Annuity liability payable 2161089 Leases obligation 233038 2394127 X 120969788 25786870 0 0 24596030 50382900 70586888 0 0 0 70586888 61745013 0 0 0 1990851 1990851 59754162 0 0 0 59754162 Schedule D, Part III, Line 4 Works of art, rare books, drawings, portraits, historical documents and medical textbooks related to the University's 19th century College of Medicine are maintained by the University for educational and community historical purposes. Schedule D, Part V, Line 4 The University's endowment funds support current operations, scholarships, and specific programs for excellence in teaching and faculty development. Schedule D, Part X, Line 2 Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the University and recognize a tax liability if the University has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the University, and has concluded that as of June 30, 2021 and 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. Schedule D, Part XI, Line 2d Bingham Fund for Excellence in Teaching at Transylvania University EIN 61-1129707 revenues and expenses are included in the audited financial statements of Transylvania University EIN 61-0444825. Bingham Fund for Excellence in Teaching at Transylvania University revenue and expenses are not included in this Form 990 because a separate Form 990 is filed for this entity. Schedule D, Part XII, Line 2d Bingham Fund for Excellence in Teaching at Transylvania University EIN 61-1129707 revenues and expenses are included in the audited financial statements of Transylvania University EIN 61-0444825. Bingham Fund for Excellence in Teaching at Transylvania University revenue and expenses are not included in this Form 990 because a separate Form 990 is filed for this entity. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 All publications contain a statement regarding Transylvania University's nondiscrimination policy. Schedule E, Part I, Line 6 The University's students are eligible to receive Federal financial aid. 1 Scholarships for tuition and related fees. 953 20725521 0 Schedule I, Part I, Line 2 The Office of Financial Aid maintain records to substantiate the amount of the grants or assistance disbursed to students, the students' eligibility for the grants or assistance, and the selection criteria used to award the grants or assistance. X X X 1 1 X 0 0 0 0 0 0 0 0 0 William Brien Lewis President 219970 0 0 0 16250 0 14063 0 5870 0 256153 0 0 0 John N Williams Jr President 156083 0 0 0 5400 0 11813 0 6756 0 180052 0 0 0 Marc Mathews Vice President for Finance and Business 159016 0 0 0 0 0 12495 0 15957 0 187468 0 0 0 Michael F Cairo Professor 131835 0 0 0 0 0 10509 0 15957 0 158301 0 0 0 Steve Angelucci Vice President for Advancement 146976 0 0 0 0 0 11406 0 10967 0 169349 0 0 0 Schedule J, Part I, Line 1a The University makes a residence available for the use of President. The University may purchase flights for the President's spouse from time to time for travel to Alumni events or donor cultivation. The President has a discretionary spending account. A KBDC IRB Series 2019A City of Midway 472650498 2019-03-29 9950000 Project funding for building projects 0 0 0 B KBDC IRB Series 2019B City of Stamping Ground 472650498 000491207 2019-06-20 13765000 Project funding for building projects 0 0 0 C KBDC EDRB Series 2021A City of Stamping Ground 472650498 49120AAW9 2021-02-18 32160000 Refund 2012, 2016A, 2016B, 2016C, 2016D series bonds 0 0 0 A 0 0 9950000 0 0 0 123030 0 0 9826970 0 0 2020 0 0 1 1 B 0 0 14501939 0 651439 0 248463 0 0 13600000 0 0 2020 0 0 1 1 C 32160000 0 32160000 0 0 0 0 0 0 0 0 0 2021 1 0 1 1 A 0 0 1 1 0 0 0 0 0 0 1 B 0 0 1 1 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 A 0 1 1 1 0 0 0 0 1 B 0 1 1 1 1 0 0 0 1 C 0 1 1 1 1 0 0 0 1 A 1 B 1 C 1 Schedule K, Part IV, Line 2c-03/29/2019 9,950,000 KBDC IRB Series 2019A No rebate is due. Met the exception for spend down. Schedule K, Part IV, Line 2c-06/20/2019 13,765,000 KBDC IRB Series 2019B No rebate is due. Met the exception for spend down. Schedule K, Part IV, Line 2c-02/18/2021 32,160,000 KBDC EDRB Series 2021A No rebate is due. Met the exception for spend down. Form 990, Part VI, Section A, Line 2 Mr. Christopher H Young and Mr. William T Young Jr. - family relationship Form 990, Part VI, Section B, Line 11b A draft of the Form 990 is reviewed and approved by the Finance Committee of the Board of Trustees prior to filing. Form 990, Part VI, Section B, Line 12c The Transylvania University Annual Disclosure form is completed by each Trustee and is forwarded to the Vice President of Finance. Compliance with the Organization's conflict of interest policy is monitored annually. All interested persons are required to disclose to the Board any possible conflicts of interest. In the event of a conflict, the interested person is required to recuse himself or herself from the discussions and abstain from voting on such matters under consideration by the Board. Form 990, Part VI, Section B, Line 15 The Compensation Committee of the Board of Trustees, appointed by the Chair, recommends the compensation of the President and is approved by the Chair. The President reviews and approves the compensation of all Vice Presidents. The Director of Human Resources uses CUPA-HR survey data to determine appropriate market salaries. Form 990, Part VI, Section C, Line 19 The organization's governing documents, conflict of interest policy and financial statements are not required to be disclosed per IRC Section 6014. As such, these documents are not available to the public at this time. Bingham Fund for Excellence in Teaching at Transylvania University 300 N Broadway Lexington KY 40508 611129707 Promote excellence in teaching KY 501(c)(3) 509(a)(2) Transylvania University 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Bingham Fund for Excellence in Teaching at Transylvania University q 1990851 Actual expenses